retail-trade
BusinessPrimark Cautious on 2023 Outlook After ‘very Strong’ Christmas
BusinessLuxury Giants Bank on Chinese Return as Western Shoppers Sober Up
Top StoriesTesco Boss in ‘parallel Universe’ Over Price Rises, Says UK Farmers’ Chief
Top StoriesOnline Pharmacy Zur Rose Improves 2022 Core Loss Target
UK’s M&s Plans to Open 20 New Stores in Britain – the Times
Date: January 16, 2023
(Reuters) -British retailer Marks & Spencer (M&S) plans to open 20 new stores creating 3,400 jobs throughout Britain, The Times reported on Monday. The 138-year old clothing and food group will open eight “full-line” stores in shopping centres such as the Bullring, Birmingham, and the Trafford Centre, Manchester, as well in as retail parks and...
European Shares Rise as Investors Await U.S. Inflation Data
Date: January 12, 2023
By Bansari Mayur Kamdar (Reuters) -European shares rose on Thursday ahead of U.S. inflation data that could sway the monetary policy direction at the world’s largest economy, while gains were capped by a drop in shares of Ubisoft and Logitech after the companies cut their forecasts. The STOXX 600 rose 0.6%, with banks and industrials...
Kfc Franchisees in Russia Ask Govt to Halt Sale of Stores to Local Operator – Ria
Date: January 12, 2023
MOSCOW (Reuters) – A number of KFC franchisees in Russia have asked the government to stop the sale of the Yum! Brands restaurant business to the local operator, the RIA news agency said, citing Russia’s restaurant market commissioner. Yum Brands said in October that it had reached a deal to sell its KFC restaurants in...
Festive Cheer Boosts Profit Outlook for UK’s Card Factory
Date: January 10, 2023
By Aby Jose Koilparambil (Reuters) – UK greeting cards retailer Card Factory lifted its full-year earnings forecast on Tuesday after people flocked to its high street stores to buy Christmas cards as Royal Mail strikes deterred online sales. Shares of the FTSE SmallCap firm rose as much as 9.2% to 95 pence, their highest level...
Lidl Gb Expects More Customers to Switch From Rivals After Bumper Christmas
Date: January 9, 2023
By James Davey LONDON (Reuters) -The British arm of German discounter Lidl said it expected more shoppers to switch to its stores from traditional supermarket groups in 2023 after its sales rose 24.5% in the four weeks to Dec. 25 compared to the previous year. The rise reflected new store openings and consumers’ search for...
British Shoppers Defy Cost-Of-Living Crisis at Christmas
Date: January 5, 2023
By James Davey and Sarah Young LONDON (Reuters) -Britons spent more than expected over Christmas, Next, one of the country’s biggest clothing retailers, said on Thursday in a sign that resilient shoppers helped the sector dodge a cost-of-living crisis that threatened to hit festive sales. But a slowdown looms this year, said Next warning that...